Mizuho Adjusts PBF Energy Stock Target Price Amidst Forecasts for 2Q24 Performance

Wednesday, 10 July 2024, 11:49
Mizuho has revised the price target for PBF Energy's stock from $54 to $51, predicting a potential performance shortfall during the 2Q24. This adjustment reflects Mizuho's assessment of the company's trajectory in the near future and its impact on investor sentiment.

Mizuho Trims PBF Energy Stock PT

Mizuho has revised PBF Energy's stock price target down to $51 from $54, indicating a cautious outlook for the company.

Expectations for 2Q24

The adjustment is based on Mizuho's expectations of a performance miss by PBF Energy during the second quarter of 2024.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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